J. Tim Arnoult

SCM

DIRECTOR · STELLUS CAPITAL INVESTMENT CORP · CIK 0001293472

FILING MIX · LIFETIME100%/0%

BUYS

SELLS

TOTAL VALUE

$256.0K

COMPANIES

ACTIVE SINCE

Mar 2020

HOLDINGS NOW

40,869

AVG SELL PX

—

Trades · vs SPY

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Performance · forward returns vs SPY

4 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by J. Tim Arnoult, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	4	+50.00%	+4.59%	-0.12%	+4.71%	+3.82%	—
14d	4	+25.00%	-15.09%	+0.14%	-15.23%	-16.51%	—
30d	4	+50.00%	+6.63%	+12.14%	-5.51%	-4.09%	—
60d	4	+25.00%	-1.21%	+17.56%	-18.77%	-26.89%	—
90d	4	+50.00%	+9.12%	+25.28%	-16.16%	-20.44%	—
180d	4	+50.00%	+22.12%	+36.54%	-14.42%	-22.78%	—
1y	4	+100.00%	+87.06%	+58.98%	+28.09%	+14.89%	—
2y	4	+100.00%	+127.46%	+79.27%	+48.19%	+36.31%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

SCM · 40,869 shares · as of Mar 23, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 4 buys / 0 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	9,000	$5.77	$51.9K	40,869	Mar 23, 2020	Mar 23, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	1,000	$5.80	$5.8K	31,869	Mar 19, 2020	Mar 23, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	10,000	$9.09	$90.9K	30,869	Mar 13, 2020	Mar 23, 2020 ↗
SCM STELLUS CAPITAL INVESTMENT CORP	PURCHASE	10,000	$10.74	$107.4K	20,869	Mar 9, 2020	Mar 11, 2020 ↗

Other insiders · SCM

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About this filer

CIK 0001293472

ROLE

Director

PRIMARY

SCM

COMPANIES

ACTIVE SINCE

Mar 2020

MARKETPEEL · /INSIDER/0001293472DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

J. Tim Arnoult

The morning brief, before the bell.